Credit card companies are expected to implement a variety of creative fees to cushion the impact of a reform bill signed into law last year.
More people are deciding not to fill out those application for credit cards. USA Today says the number of new credit accounts dropped 46 percent last October from the year before, but what's causing this trend?
Credit card usage is slowing. Revolving credit fell by nearly 20% in November, reflecting less borrowing and tighter lending standards.

Credit card delinquencies are hitting record highs as more borrowers fall behind on bills amid rising unemployment and falling home values.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • MySpace